Wednesday, I briefed the nation on the current state of the grid and
the reasons for the implementation of stage 3 load shedding by Eskom.
am informed that the system is still tight. However, Eskom and its
engineers are doing their utmost to contain further interruptions at our
With than announcement
I also informed the nation that I am looking at immediate steps to
stabilise leadership at Eskom both at Executive and Board level.
is a strategic asset and one of the major utilities on the continent.
It is therefore critical that Eskom operates optimally and contributes
to economic growth of the country.
decision to institute an inquiry has created uncertainty on Eskom’s
ability to ensure security of supply and successful delivery of its
build programme. I am happy to announce that the Terms of Reference for
the appointment of an investigator is concluded and Dentons has been
appointed to lead the enquiry. I will await a report from the Board as
this process unfolds.
In order to
stabilise the executive leadership and after consultations with various
stakeholders including President Jacob Zuma, Deputy President Cyril
Ramaphosa, the Boards of both Transnet and Eskom, I have decided to
second Mr. Brian Molefe as Acting Chief Executive of Eskom.
Mr Molefe is the current Group Chief Executive of Transnet and his secondment is with immediate effect.
experience in having turned around the Public Investment Corporation
and providing stability at Transnet is a clear indication that Mr Molefe
is no stranger in leading complex institutions. Given Eskom’s current
financial and operational position, I am confident that we will be able
to draw on his experience and understanding of the financial markets.
secondment is also considered in light of Mr Molefe’s extensive
understanding of the public sector and the environment in which
State-Owned Companies operate. As is evident from his CV, he has been
involved with entities such as Telkom, the Airports Company of South
Africa, the National Empowerment Fund and the Export Credit Insurance
Corporation amongst others.
Ladies and gentlemen, I now call on Mr. Molefe to join us.
secondment allows Mr. Sinethemba Khoza to resume his role as a member
of the Board. I want to take this opportunity to thank Mr. Khoza for
acceding to the call to step in at a critical moment when his leadership
To consolidate the
leadership at Eskom, I will soon be submitting my recommendations to
Cabinet on appointing additional members to strengthen and augment the
required skills on the Board.
conclusion, I would like to thank the Transnet Board for agreeing to the
secondment of Mr. Molefe and the manner they dealt with this request.
would also like to appeal to the Eskom Executives and employees to
welcome Mr. Molefe and provide him with all the necessary support that
he would require as he steers the company.
CV of Mr Brian Molefe Mr. Molefe’s qualifications include the
following: Masters of Business Leadership, University of South Africa;
Post-Graduate Diploma in Economics, London University, School of
Oriental and African Studies and a Bachelor of Commerce, University of
South Africa. Majors: Accounting and Economics. Other training courses
include: a Programme for Young Global Leaders, Kennedy School of
Government, Harvard University (Cambridge, Mass. USA, 2009), Advanced
Management Program, Harvard Business School (Boston 2006); and Executive
Programme at Wharton Business School (Philadelphia USA, 2003).
enquiries contact Colin Cruywagen on 082 3779916 or enquiries contact
Colin Cruywagen on 082 3779916 and firstname.lastname@example.org
Issued by Ministry of Public Enterprises17 April 2015